255 Durban Road, Bellville

On July 15, two northern suburb properties with retail and office space belonging to the King Financial Services group will be offered on the auction floor.

Both properties are liquidation sales and are situated close to an abundance of prime real estate, including office complexes with a variety of businesses, restaurants, car dealerships, and a number of head offices of various large national corporations.

The first property, 255 Durban Road, is a1 170m² building consisting of a ground-floor retail car showroom, first-floor office space and basement parking with 14 bays. The retail showroom has standard accommodation, with partitioned office space off the showroom floor, a reception area, three partitioned office suites, a kitchenette and ablution facilities.

The office space consists of a first-floor reception entrance, with offices, a kitchenette and entertainment room opening up off either side.

The ground-floor showroom tenant is Barloworld South Africa, which has expressed an interest in renewing its lease. The first-floor office space and basement parking are open for new tenants.

The second property, Checkers Midville Durbanville shopping centre, is in the heart of Durbanville, close to other successful shopping centres and office buildings. This neighbourhood shopping centre on 13 Wellington Road offers retail space, office space and ample parking. The gross lettable area of the site is 4 649 m2 and with Checkers as a strong anchor tenant, the property generates an annual income of R4 million. The lease with Checkers is in place until 2015.

The properties will be auctioned at Auction Alliance’s multiple commercial auction at the Crystal Towers Hotel and Spa at noon on July 15.